M&A Deal Summary

CDR Manufacturing Acquires ACT Electronics

On November 3, 2008, CDR Manufacturing acquired electrical equipment company ACT Electronics from Sun Capital Partners

Acquisition Highlights
  • This is CDR Manufacturing’s 1st transaction in the Electrical Equipment sector.
  • This is CDR Manufacturing’s 1st transaction in the United States.
  • This is CDR Manufacturing’s 1st transaction in Massachusetts.

M&A Deal Summary

Date 2008-11-03
Target ACT Electronics
Sector Electrical Equipment
Buyer(s) CDR Manufacturing
Sellers(s) Sun Capital Partners
Deal Type Add-on Acquisition
Advisor(s) Lincoln International (Financial)

Target

ACT Electronics

Hudson, Massachusetts, United States
ACT Electronics, Inc. (“ACT”), a provider of electronic manufacturing solutions.

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Buyer(S) 1

Buyer

CDR Manufacturing

Louisville, Kentucky, United States

Category Company
Founded 2001
Sector Electronics
Revenue 120M USD (2014)
DESCRIPTION

Ayrshire Electronics provides printed circuit board assembly and other electronic manufacturing services (“EMS”) to a diversified customer base, including a number of large multi-national companies.


DEAL STATS #
Overall 2 of 2
Sector: Electrical Equipment M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
State: Massachusetts M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2008 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-01-01 Electronic manufacturing division/ BT Group

United Kingdom

Eectronics manufacturing division, an electronic manufacturing services (EMS) business of BT Group Plc.

Buy -

Seller(S) 1

SELLER

Sun Capital Partners

Boca Raton, Florida, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 13.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Sun Capital's corporate headquarters in Boca Raton, Florida.
Sun Capital's corporate headquarters in Boca Raton, Florida.

Sun Capital Partners is a large private equity firm focused on leveraged buyouts, equity, debt, and other control investments in North America, Asia, and Europe. Sun looks for businesses that can benefit from the Firm's operating experience including underperformers, turnarounds, and special situations. Target companies typically have $50 million to $1 billion in revenue with strong market positions. Sectors of interest include paper and packaging, food and beverages, metals and mining, automotive after-market parts, consumer products, financial services, healthcare, media and communications, building products, telecommunications, technology, retailing and catalogs, restaurants, manufacturing and industrial. Sun Capital was formed in 1995 and is based in Boca Raton, Florida.


DEAL STATS #
Overall 8 of 131
Sector: Electrical Equipment M&A 1 of 2
Type: Add-on Acquisition M&A Deals 1 of 55
State: Massachusetts M&A 1 of 4
Country: United States M&A 8 of 90
Year: 2008 M&A 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-10-17 Mervyn s

Hayward, California, United States

Mervyn's was a retail department store that was formed in 1949. The retail chain featured national brands and carried a broad selection of items - from apparel to electronics.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-11-25 Hanna Andersson

Portland, Oregon, United States

Hanna Andersson is a multi-channel children’s apparel and accessories brand. Hanna Andersson has offered high-quality, Swedish-inspired children's clothing. From its iconic striped sleepwear to everyday playwear and more, Hanna Andersson's broad product line is balanced across boys, girls and infants from newborn to 12 years old. The Company's clothing is clearly differentiated by unmatched quality, durability and style. Over the last decade, Hanna Andersson has grown from a highly successful catalog brand to become the most prominent and fastest growing premium brand in the children's specialty apparel category. With a successful omni-channel platform, Hanna Andersson has been generating double-digit annual revenue growth since 2010 through a combination of its heritage catalog business and attractive e-commerce platform, as well as 55 retail stores and 11 outlet locations. Hanna Andersson was founded in 1983 and is based in Portland, Oregon.

Buy -